- US-based product engineering consultancy has grown rapidly by leveraging deep vertical expertise in the Financial Services sector. The organization also has extensive experience in AWS, Google Cloud, Microsoft Azure, Snowflake and Databricks
THE Globant GLOBAL, Calif., Oct. 15, 2020 /PRNewswire/ -- Global Solutions, Inc. (NYSE: GLOB), a digitally native technology services company, today announced that it has entered into a definitive agreement to acquire Blankfactor, a U.S.-based IT services consultancy specializing in payments, banking and capital markets, with a proven track record in the financial services industry and extensive experience in card issuance, merchant acquiring and securities finance. The company also specializes in providing consulting-led product engineering, data engineering and enterprise AI solutions.
Completion of this transaction is subject to customary closing conditions, including regulatory approvals.
Founded by Michael Wear and Melody Pak, Blankfactor has grown rapidly since its inception in 2016 through strategy-driven product engineering with broad vertical expertise. The consultancy also has deep expertise in the cloud ecosystem with AWS (Amazon Web Services), Google Cloud, Microsoft Azure, Snowflake and Databricks.
In this sense, taking advantage of the effective balance between delivery in the United States and globally, the company currently develops solutions for some of the strongest brands in the financial sector, including six of the ten main payment processors and several of the most renowned banks and asset managers in the world.
Headquartered in Miami, Blankfactor’s offices in the United States, United Kingdom, Colombia, Romania and Bulgaria are home to over 450 technology professionals with talent ranging from COBOL (which stands for ‘Common Business Oriented Language’ in Portuguese) to AI. As such, the consultancy’s specialty is results-driven delivery, and its engineering consultants are subject matter experts who bring both domain expertise and the hands-on execution required to deliver business-critical solutions.
“Blankfactor brings incredible experience and best practices in the financial services space, which is a key sector for Globant. As AI continues to develop and impact industries, we look forward to expanding the company’s insights and expertise to provide an ever-evolving service to our clients,” said Martin Migoya, Co-founder and CEO of Globant.
“I have always admired Globant as a model for executing digital transformation at scale, with exceptional talent around the world. With Globant’s scale and depth, I look forward to achieving even greater results for our clients,” said Michael Wear, founder and CEO of Blankfactor.
“Blankfactor is a great organization with world-class clients and an exceptional track record delivering specialized value propositions in an industry that is critical to our corporate roadmap. They join Globant to solidify Payments Studio in North America at a unique time when the financial services industry is undergoing a major reinvention,” said Nicolás Kaplun, Globant’s Chief Business Officer for North America.
“Blankfactor’s consulting-led engineering capabilities, combined with Globant’s scale and breadth of services, provide a winning combination for our current and future clients,” said Asif Ramji, President of Blankfactor.
“We are thrilled to welcome such a talented group of professionals with the passion and ability to dream as big as the Globers. They are a perfect fit for our current expansion strategy,” said Martin Umaran, Co-Founder and Chief Corporate Development Officer at Globant.
The company’s founders, Michael Wear and Melody Pak, will continue to lead the way, and Blankfactor’s management team and their respective teams look forward to increasing scale and impact with Globant, while remaining true to Blankfactor’s singular focus on consulting-led digital execution for the financial services industry.
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